No, see table 1: "input duration (minutes and seconds), input frame count". It says the source file is 13 minutes 11 seconds and that it has 27,000 frames. In table 2 it says that source selection took 1 minute per frame. That's where I got 27,000 minutes from.
I now think we both got it wrong (but me more so than you): Table 2 specifies "1 min/frame", but the source frame selection happens for output frames, not input frames. Table 1 lists a total of 2189 output frames for the 23700 input frames of the "BIKE 3" sequence, so I guess we're looking at 2189 minutes?